Henderson Smaller Investment Trust (LSE:HSL) Scaled Net Operating Assets: 0.85 (As of Nov. 2025)


LSE:HSL Henderson Smaller Companies Investment Trust PLC LSE:HSL
26 GF Score
Price £8.98
! 3 Warning Signs
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What is Henderson Smaller Investment Trust Scaled Net Operating Assets?

Henderson Smaller Investment Trust LSE:HSL +0.34% 26 Scaled Net Operating Assets is 0.85 as of Nov. 2025. GuruFocus rates LSE:HSL with a GF Score™ of 26/100. The stock has 3 warning signs investors should review.

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Henderson Smaller Investment Trust's operating assets for the quarter that ended in Nov. 2025 was £648.79 Mil. Henderson Smaller Investment Trust's operating liabilities for the quarter that ended in Nov. 2025 was £51.30 Mil. Henderson Smaller Investment Trust's Total Assets for the quarter that ended in May. 2025 was £706.09 Mil. Therefore, Henderson Smaller Investment Trust's scaled net operating assets (SNOA) for the quarter that ended in Nov. 2025 was 0.85.

LSE:HSL
26GF Score
Henderson Smaller Companies Investment Trust PLC LSE:HSL
Scaled Net Operating Assets is just one metric. See GF Score™, valuation, warning signs, and more.
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Henderson Smaller Investment Trust Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

Henderson Smaller Investment Trust's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in May. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(A: May. 2025 )
=(Operating Assets (A: May. 2025 )-Operating Liabilities (A: May. 2025 ))/Total Assets (A: May. 2024 )
=(704.905-1.838)/854.38
=0.82

where

Operating Assets(A: May. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=706.086 - 1.181
=704.905

Operating Liabilities(A: May. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=71.762 - 69.924 - 0
=1.838

Henderson Smaller Investment Trust's Scaled Net Operating Assets (SNOA) for the quarter that ended in Nov. 2025 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Nov. 2025 )
=(Operating Assets (Q: Nov. 2025 )-Operating Liabilities (Q: Nov. 2025 ))/Total Assets (Q: May. 2025 )
=(648.792-51.303)/706.086
=0.85

where

Operating Assets(Q: Nov. 2025 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=653.42 - 4.628
=648.792

Operating Liabilities(Q: Nov. 2025 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=86.514 - 35.211 - 0
=51.303

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

What does a Scaled Net Operating Assets of 0.85 mean?
Henderson Smaller Investment Trust (LSE:HSL) has a Scaled Net Operating Assets of 0.85 as of Nov. 2025. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Henderson Smaller Investment Trust and its competitors.
Is Henderson Smaller Investment Trust's Scaled Net Operating Assets too high?
Henderson Smaller Investment Trust's current Scaled Net Operating Assets is 0.85. Overall, Henderson Smaller Investment Trust has a GF Score™ of 26/100, reflecting its overall financial health beyond just this single metric.
How does Henderson Smaller Investment Trust's Scaled Net Operating Assets compare to BLK and BX?
Henderson Smaller Investment Trust's Scaled Net Operating Assets of 0.85 can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Scaled Net Operating Assets for an Asset Management company?
A good Scaled Net Operating Assets depends on the Asset Management industry context. However, Scaled Net Operating Assets should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Scaled Net Operating Assets mean?
A high Scaled Net Operating Assets can signal that a stock is expensive relative to its fundamentals. Scaled net operating assets equals current-period operating assets less operating liabilities less prior-period total assets. View historical data on Henderson Smaller Investment Trust and its competitors. Henderson Smaller Investment Trust's current Scaled Net Operating Assets is 0.85. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Henderson Smaller Investment Trust stock overvalued right now?
Henderson Smaller Investment Trust (LSE:HSL) has a current Scaled Net Operating Assets of 0.85. The current Scaled Net Operating Assets is 0.85. Henderson Smaller Investment Trust's overall GF Score™ is 26/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Scaled Net Operating Assets calculated?
Scaled Net Operating Assets is calculated from a company's financial statements. For Henderson Smaller Investment Trust (LSE:HSL), the current Scaled Net Operating Assets is 0.85 as of Nov. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Henderson Smaller Investment Trust Business Description

Address 201 Bishopsgate, London, GBR, EC2M 3AE
Henderson Smaller Companies Investment Trust PLC is a closed-ended equity mutual fund. Its investment objective is to maximize shareholder's total returns by investing in smaller companies quoted in the United Kingdom. The company's only segment being the activity of investing in shares and securities for capital appreciation. Geographically, it operates only in the United Kingdom.
26GF Score

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Scaled Net Operating Assets is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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